REI Lense

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$2,488 (target)

301 Larkspur Dr, Kingsport, TN 37660

3 beds • 3 baths • 1351 sqft

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This property might be a fair Mid-Term investment with a projected 4.21% first-year return on $66,342 initial cash invested.

4.21%

Cash On Cash

8.23%

Cap Rate

1.27

DSCR

$2,488

Rent

$233

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,488 income − $2,255 expenses = $233 cash flow

Income$2,488Mortgage P&I$1,24650%Property Taxes$793%Insurance$823%Management$29912%CapEx$1004%Vacancy$753%Maintenance$1004%Other$27411%Cash Flow$233

Investment Breakdown

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Purchase Price

$230k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,342

Downpayment

20%

$46,040

Closing costs

1%

$2,302

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,488

Total Expenses

$2,255

Mortgage P&I

50%

$1,246

Property Taxes

3%

$79

Home Insurance

3%

$82

HOA

0%

$0

Property Management

12%

$299

CapEx

4%

$100

Vacancy

3%

$75

Maintenance

4%

$100

Other

11%

$274

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